Money Tree Payday Loan

There comes a time when all your finances have dried up and thus you cannot be able to fully cater for emergency expenses. Many people who find themselves in such a situation opt to apply for Money Tree payday loans. These loans have helped countless number of people who have felt that their current income will not be enough to cater for their household’s monthly expenses. The beauty of these payday loans or cash advance is that they are available any time you want them; day or night. You need to do your part by completing an online application form from your preferred payday loan lender.

How does it work?
Basically, a Money Tree payday loan is a cash advance that you borrow and pay once your salary checks in usually at a significantly higher rate of interest when compared to other loans. This type of loan is quickly approved and is availed to you within hours provided you have met the basic requirements. The amount of money you can borrow ranges between 100 to 1000 dollars. You will have to pay the borrowed amount together with the interest when you get your next paycheck.

How to apply
The number of lenders providing Money Tree payday loans is on the rise and this has made it possible for borrowers to access affordable loans. All you have to do is go online and compare the rates charged by several lenders, and then make your application. You will be required to furnish details such as your name, employment details, address and bank account. You will not be required to submit any paper work since the details are entered via an online application form.

Rate of interest
Different Money Tree payday loans providers charged varying rates. The rates vary from 20 to 25 percent on the loans. However, if you want to benefit from affordable terms, compare the rates charged by different lenders before making your selection.

Loan qualification
Since the payment for the Money Tree payday loans will have to be deducted from your paycheck, one of the requirements is that applicants must be in a stable employment.  This is to cushion the lenders from high rates of defaults. Borrowers who want to apply for the payday loan need to be US citizens and have a valid checking or savings account. They also must be 18 years old and above to qualify for the cash advance.

Fast approvals
Compared to most types of loans, Money Tree payday loans are quickly approved and deposited to your savings or current account. As soon as you have completed and submitted the online application, the lender processes it. If everything is in order, you get your loan within the hour. Most lenders have staff working round the clock and thus are able to receive as well as review applications at any time of the day or night.

Not for huge expenses
Money Tree payday loans are not ideal for huge expenses such as buying a car or house. On the contrary, these loans are designed for emergency situations or small expenses such as utility bills, grocery, medical, phone bills among others. Such expenses can overwhelm a household that lives from paycheck to paycheck. You are however expected to pay back the loan at the end of the month or when your paycheck comes in.

In a nutshell, Money Tree payday loans enable you to deal with the problem you are faced with on the spot without waiting for days or weeks before solving it. Just think about not going to see the doctor because you do not have sufficient money. Payday loans will help you deal with the immediate problems and minimize the damage they can cause to your day to day activities.